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State Name: Texas
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State Abbreviation: TX
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MND NewsWire features plain and simple interpretations of industry related data and events written in a manner that maintains the interest of random readers while still catering to the perspective of a housing market professional.

With a stop-gap funding bill likely to be approved tonight, the following will not be germane for long, but it could serve as a template for the next potential shutdown. FHA's Office
of Single Family Housing has provided a
lengthy list of the availability of services, processes, and technical support,
and we have cherry picked what seems to be the most important information for
our audience.

The FHA Resource Center's online online
FAQ site has been updated to include
additional information about operations and systems availability during the
shutdown (use the keyword "shutdown".)
It will not be updated further until the shutdown ends.

The
Resource Center's email (answers@hud.gov) and phone (800-225-5342.) will also be available to provide general, but not case
specific, information, as will the FHA National Servicing Center (877-622-8525.)

Functions
that will be available on a limited basis include:

Insurance endorsements will be made
for Title II forward mortgages but not for Home Equity Conversion Mortgages or
Title I loans.

Notice of Return violation reviews
on pre-endorsement loans.

Some pre-endorsement loan processes,
including Condominium Project approvals under DELRAP, TOTAL Mortgage Scorecard
evaluations, and Manual endorsement actions: case number cancellations,
reinstatements, and transfers; and resolution of the Holds Tracking queue.

Submissions of upfront
Mortgage Insurance Premiums (MIP) for new endorsements (note that lenders are
required to submit monthly MIP during the shutdown);

MIP refunds to
borrowers;

Claims filing and payments;

Conveyance of properties;

HECM payments to
borrowers;

HUD Real Estate Owned
listings;

Servicing of HUD
Secretary-held notes and mortgages.

FHA Connection (FHAC),
including obtaining an FHA Case Number;

Loan Review System;

Neighborhood Watch Early
Warning System (SFNW); however, data will not be updated for the duration of
the shutdown;

Single Family Insurance
System (SFIS) and Insurance Claims Subsystem (CLAIMS);

FHA will be unable to host any live or real-time web-based
training events scheduled during the shutdown. Pre-recorded webinars will remain
available on www.HUD.gov. but will not be
updated for the duration of the shutdown. FHA staff scheduled to present at, or
registered to attend conferences and other events, will be unable to do so for
the duration of the shutdown.

The notice stresses that decisions about which operations continue, or not during the shutdown "are
governed by the Constitution, statutory provisions, court opinions, and
Department of Justice (DOJ) Opinions, which provide the legal framework for how
funding gaps and shutdowns have occurred in recent decades."

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